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Dec 5, 2012
12/12
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in the eyes of the world, the u.s. is poised to become laggards instead of leaders if congress and the president fail to resolve the fiscal crisis beyond any short-term fix. in our cover story, that's how diane swonk, sr. economist at miserow financial, described the participants who, as swonk put it, "have not done what they need to do." diane swonk, sr. economist at mesirow financial, expects the u.s. economy will face a $200 billion fiscal drag next year, the effect of a negotiated deal that includes resuming the 6% payroll tax, limiting unemployment extensions and discretionary cuts. according to swonk, it's about far more than reforming tax rates. "the real issue is spending. baby boomers are getting older and we have to address that. yet all the talk is on the tax side of the equation." but swonk admits the current tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just w
in the eyes of the world, the u.s. is poised to become laggards instead of leaders if congress and the president fail to resolve the fiscal crisis beyond any short-term fix. in our cover story, that's how diane swonk, sr. economist at miserow financial, described the participants who, as swonk put it, "have not done what they need to do." diane swonk, sr. economist at mesirow financial, expects the u.s. economy will face a $200 billion fiscal drag next year, the effect of a negotiated...
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Dec 17, 2012
12/12
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the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which is enough to pay for recovery costs into early spring. peabody energy corp. gets a lump of coal in its stocking. the st. louis-based coal producer says a drop in coal prices and lower market demand are dragging down its sales by about 2 million tons. coal producers have struggled this year against record low natural gas prices. those cheap prices prompt utilities to use it instead of coal for fuel. peabody does expect results to improve later this year. the latest identification scam may be closer than
the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which...
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147
Dec 4, 2012
12/12
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in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey is about to go on a strict diet. starting today, cory booker will live on food stamps for a week - that means spending only $4 a day for all of his food. booker accepted the challenge in a twitter debate with a north carolina woman. other public officials have tried this before booker and have reported it to be a great challenge. there's no place like home for the holidays, and keeping up with its annual tradtion, fannie mae and freddie mac won't evict familes facing foreclosure during the holiday season. this year's freddie/fannie evicition-free dates are dec. 19 through january 2nd. you might think airlines wouldn'
in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey is about to go on a strict diet. starting today, cory booker will live on food...
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Dec 19, 2012
12/12
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starting in january the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.. the obama administration is said to be considering kenneth chenault -- the ceo of american express-- for a cabinet post... possibly treasury secretary. also, the adminstration is said to be batting around the name ursala burns- who runs xerox as a possible candidate for commerce secretary. president obama said earlier he is interested in having top business leaders in his cabinet. coal consumption is climbing around the world. the international energy agency-- better known as as the i-e-a predicts demand for coal could come
starting in january the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.....
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Dec 31, 2012
12/12
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recently overseas, in places where the u.s. military has been a presence, members of the national guard and reserve have played a significant role. just one example - since 2003, roughly 3/4 of the men and women in illinois' national guard or reserve were mobilized throughout the world. h-r plus is a company that puts its money where its mouth is concerning this issue. 40% of the roughly 8,000 employees it hires a year are veterans. still to come, how to pitch your ideas to angel investors. what investors want to hear before they reach for their checkbook. but first, traders tell us which soda stock is more likely to see a pop. that's next, in traders unplugged. the holidays are on our trader'' minds today. joining for us for traders unplugged, pro traders alan knuckman and jared levy. round one: taking flight. millions of americans are boarding jets this season for the holidays. which airline stock is ready for lift-off? > > i look at this in a couple of different ways. i have never liked airline stocks because it's- > > tough
recently overseas, in places where the u.s. military has been a presence, members of the national guard and reserve have played a significant role. just one example - since 2003, roughly 3/4 of the men and women in illinois' national guard or reserve were mobilized throughout the world. h-r plus is a company that puts its money where its mouth is concerning this issue. 40% of the roughly 8,000 employees it hires a year are veterans. still to come, how to pitch your ideas to angel investors....
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Dec 21, 2012
12/12
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reporting a profit that surprised analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32 billion now. fortunately, it's a bumper year for the coffee crop in brazil. the country is harvesting its biggest coffee crop ever. and peter madoff is sentenced to the max of 10 years in prison for helping his brother bernie in their infamous ponzi scheme. scott bauer of trading advantage joins us on this friday morning for a closer look at the markets. good morning to you. we had a nice santa claus rally going on here. do you think that this fiscal talk is just going to kill it? > > no, it doesn't look like it. the trend over the last few days is, we have seen the market up, but we have seen it really
reporting a profit that surprised analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32...
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118
Dec 11, 2012
12/12
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that bounce follows an october in which mcdonald's' u.s. sales slipped for the first time in nine years and led to the resignation of company president jan fields. hewett-packard is suddenly jumping onto the hot stock list. shares climbed 4% yesterday on speculation billionaire investor carl ichan is building a positon in the tech giant. this year has been a rough one for hpq. shares have tumbled on troubles including the $9 billion charge from its acqusition of autonomy and concerns about its printer and pc businesses. here's trader alan knuckman's thoughts on the stock: "well, i think it might have ovedone on the downside. you have to remember hewlett-packard has done this twice. it dropped from $80 back down to $10 and then rose again; fell from $50 to the current level where we are now. so, it does have some brand value, it's just a matter of sorting out the company and making things work again, and i think the new ceo could do this." heweltt-packard stock is down nearly 75% since april 2010. at current levels, knuckman calls it a stock
that bounce follows an october in which mcdonald's' u.s. sales slipped for the first time in nine years and led to the resignation of company president jan fields. hewett-packard is suddenly jumping onto the hot stock list. shares climbed 4% yesterday on speculation billionaire investor carl ichan is building a positon in the tech giant. this year has been a rough one for hpq. shares have tumbled on troubles including the $9 billion charge from its acqusition of autonomy and concerns about its...